Tom Cruise and Katie Holmes agree divorce settlement

Both Tom Cruise and Katie Holmes would have wanted a quick settlement
according to a Hollywood divorce lawyer

12:00PM BST 10 Jul 2012

Los Angleles lawyer and family law expert Lisa Helfend Meyer says both parties would have been keen to settle out of court and prevent details of their celebrity lifestyles being made public.

She also believes a key element of the agreement was that both Holmes and Cruise "could expose (their daughter) Suri to each others religous beliefs and practices".

In a written statement to the media, Katie Holmes's attorney Jonathan Wolfe says:

"The case has been settled and the agreement has been signed. We are thrilled for Katie and her family and are excited to watch as she embarks on the next chapter of her life.......We thank Tom's counsel for their professionalism and diligence that helped bring about this speedy resolution."